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61
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Economy / Speculation / Re: What if we sit at $310-$340 for 2 more years?
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on: June 24, 2016, 02:46:54 PM
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The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age
That is right. As long as bitcoin becomes widely used, its price will rise eventually, in line with usage. There is a small possibility that it can happen but the chance is small because you have to know that the price of Bitcoin is now still rising so that is nice. But of course it is hard to know what will actually happen with the value of Bitcoin Yep, you can say that it is directly equivalent. The more people who use this, the higher value it gets. That has been proven in the history of bitcoin. When there are very few users, it was worth $0.01, it is $700 now. The price dropped again to $550. I think the price could stay around the $550 to 700 level for a few more months. We are back to 582 in bitstamp and it's rising now. I think the bottom was 540 and now is time to continue the rise. The price is just below $700 now. I am glad I did not sell below the $550 price. Any way, I will hold it for long term. |
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62
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning
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on: June 23, 2016, 01:17:28 PM
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The soft fork has to be implemented to freeze the stolen funds. then the society can determine when/whether to implement the hard fork.
The miners are deciding at the moment. I think they will make the decision best for the community and the future. They will vote according to their own narrow interests. Turkeys don't vote for Christmas. That is right. Will you vote for the wide community interests? I hope they will make the right decision, ie lock the hacked funds. |
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64
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning
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on: June 20, 2016, 07:51:20 PM
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Well written statement outlining their valid reasons for delisting. It won't have any effect on Etherium but I completely understand the reasoning behind it. Any fork or rollback invalidates decentralization which has been a cornerstone of Ethereum since it's inception. cryptopia is not in the wrong here in my opinion. Many people will not trade cryptopia if it thinks it is lawful to steal other people's money due to wrong implementation of a contract. |
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65
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Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the next $1 Billion Blockchain?
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on: June 10, 2016, 09:43:41 AM
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I would say that we dont see this year another 1 Billion Dollar Blockchain.
Especially not in this list.
Maybe ioata in 2017.
Ethereum will be the only $1 billion block chain. No other altcoin will surpass it in the near future. It depends on the value of the US dollar. If the US dollar crashes, there will be many $billion coins. |
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67
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Economy / Marketplace / Re: How can we encourage local businesses to accept BTC?
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on: May 12, 2016, 03:26:03 PM
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I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.
By just telling them that Bitcoins transaction doesnt have any fee. The bitcoin transaction does have some fee. The average cost is about $0.04. It is much lower than Payapl. |
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70
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Economy / Speculation / Re: What if we sit at $310-$340 for 2 more years?
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on: April 03, 2016, 10:21:28 AM
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of course it would be better to have a price raise, but I do not think staying at the same price is too bad either. You can still trade, earn, and buy with bitcoin without it having to be very high in price.
If the price is stay in a small range, it is good for range trading. You can buy low and sell high and repeat. |
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71
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Economy / Speculation / Re: What if we sit at $310-$340 for 2 more years?
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on: March 26, 2016, 05:44:23 AM
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That is not possible that it can happen. The currency is always changing from value and that is good.
You will never know what the value will be in the future. But we all think that it will be more worth later in the future.
I think we will never see $310 to $340. That will be the history. In a year's time, we will not see the $400 again. Never say never when it comes to Bitcoin. A lot people were not expecting the price to go below $200 ever again, bit it still happened early 2015. It was shocking, but we recovered nicely from that as we are above $400 now. At that time, the cost of the mining the bitcoin was just $50. So the miners would dump their coins like no tomorrow. if thats the case i will quit on bitcoin for sure and i will find some jobs or other ways to earn much better than bitcoin. but if the price go up ,up to 1000$ then i will stick on collecting bitcoin, The price will be around $410 to $430 for 2 more months. If the price stay there for 2 more years, then I will also quit. |
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72
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Economy / Economics / Re: Forget Grexit. BREXIT is the Bigger Threat to Europe.
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on: February 28, 2016, 11:38:19 AM
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Back in the 1980's when North Sea Oil was booming, the UK contributed ~£2Bn per year
to subsidise French farmers, Irish roads, and Italian corruption. That greased many wheels
within Europe, but these things do not last. North Sea oil and gas moved the UK from
being the sick man of Europe to the world's fifth largest economy. Today it is 50:50 but
the memory remains.
Today, Germany wants Frankfurt as the financial centre of an European superstate, and that
is frequently at odds with what, specifically, the City of London wants.
The other players in the game are the UK landowners - they want Shengen extended because
more immigrants means more rent, and more income to them. Farmers and fishers want out
because they lost out when the UK went into the EC, supposedly to favor British industry.
Recently, big chunks of British industry were bought by foreign investors, hence there is no
broad support for staying in from that quarter.
And finally, having seen the politics and the financial games playing out in Greece, and in
Ireland, staying in the EU will be a hard sell to any sane Brit. There is no way the ECB
will look favorably on post-2008 bailouts of British Banks.
That is the good description of the past. I got the impression that the UK government is encouraging the blockchain technology. This may make UK strong again. |
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73
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Economy / Economics / Re: Forget Grexit. BREXIT is the Bigger Threat to Europe.
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on: February 23, 2016, 07:24:58 PM
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The Brexit is very unlikely. The British are generally not in favor of changing the status quo. So I assume that most of the people who give out their opinion as "Undecided" in the opinion poll will vote against Brexit during the referendum. However, if the Brexit actually occurs, then it will negatively affect the EU in a big way.
The Brexit is just a bargain. Now UK got what it wants, so there will be no exit in reality. |
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75
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Economy / Marketplace / Re: How can we encourage local businesses to accept BTC?
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on: February 05, 2016, 11:13:30 AM
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we should show them how the bitcoin works. we have to prove its existence and the big question ia that bitcoin price is so voilent
With the violent bitcoin price, it means the local business will not keep the bitcoin they receive. So they will have to sell straight away. |
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79
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Economy / Marketplace / Re: How can we encourage local businesses to accept BTC?
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on: December 17, 2015, 11:04:58 AM
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Help them out with installing a system, most people aren't bothered to do it themselves. So if you offer to help them, they might consider doing it.
I thought bitpay and coinbase have teams to do that. They are established bitcoin payment processors. They benefit from payment processing. |
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80
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Bitcoin / Project Development / Re: Hoping to make a friendlier and more professional Bitcoin forum.
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on: December 06, 2015, 10:56:21 AM
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The signature campaigns just gives this forum the X-FACTOR that other forums cannot duplicate with a low user base. Throwing a lot of money at it in the beginning is the key to
the success... that money must go towards giveaways and prizes and competitions... then you will see some massive growth.. VERY quickly. Good luck... It's tough building a forum.
Signature campaign is a very important part of the forum. It give value to the post and honour good posters apart from the ranks in the account which can be bought. You can pay 50 bitcoin to buy a VIP account. |
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